Madinet Nasr Housing and Development (MNHD) reports a 113.75% YoY hike in consolidated profit attributable to the parent company in the first nine months of 2022, Invest-Gate reports.

Consolidated profit soars to EGP 534.341 mn in 9M 2022 from EGP 249.984 mn in 9M 2021.

Revenue rises to EGP 3.082 bn in January-September from EGP 1.383 bn last year.

Standalone net profit after tax reaches EGP 544.973 mn in the nine months that ends on September 30^th from EGP 257.642 mn in the same period last year.

MNHD’s gross contracted sales jump 218.4% YoY to EGP 6.696 bn in the January-September period, while handovers soar 95.3% YoY to 1,113 units in the same period a year ago.